My CPA is asking to categorize the following:"Ready to rent""Repairs""Appliances" To be amortized im assuming, added to the basis of the house. Please let me know how you guys handle the chart of accounts?
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Hi all,I currently am working full time and was looking to complete the 75 hour required course to become a real estate agent in (upstate) New York (do not know if there’s a difference in requirements between nyc and ...
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Hello everyone....I'm tired of sitting on the sidelines. I've wanted to invest in RE for many years now but just haven't had the guts to get started. I have a wife and two high school kids and have been really risk ...
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How much weight do you put on a new applicant's quotes on social media?I have one that says "When I am not an alcoholic, I am a chocoholic".What do you think? Red flag?Do you have applicants that says something that ...
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If I become licensed what is the process for getting access to out of state MLS listings ?
thanks.
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Hey guys, anyone has an idea what to study for the real estate license exam in California ? I already did my three required classes, but I finished them well over a year ago. And am all over the place right now tryin...
I am currently employed as a Registered Nurse and have been a RN for 18 years now. I would like to focus my time on real estate and definitely leave nursing ASAP. I am working on my real estate salesperson licensing. ...
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Good morning, I’m currently in school in Tucson AZ getting my real estate license. My exam is in December and I had some questions about being able to to make the vocab stick. I’ve been drilling, rewriting notes and...
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I have friends interested in joining the REI ride. They want to come onboard as investors/partners. Should I open new LLC with them as partners? I will have bit of my funds and will be doing all the work (finding prop...
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Hello, what are the tax implications if I bought a rental property in Dec 2020 and didn't rent it until Jan 2021? I know this is unofficial and not tax advice, just seeking some thoughts and info. Thanks!